409 N Maple StIthacaMI48847
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ithaca at 409 N Maple St, Ithaca, MI, 48847 generates $1,150/mo in rent and, after a $729/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,150/mo, and annual cash flow is $2,012/yr on $49,394 invested. Return on cash invested sits at 23.98% in year one, and rental yield is 9.26% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 125.25% and total cumulative return in cash sums $61,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,150/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
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